'One country, two systems' proves a winner for HK

Sunday was the 21st anniversary of the day China resumed its sovereignty over Hong Kong and the establishment of the Hong Kong Special Administrative Region of the People's Republic of China.

Despite rampant pessimism about Hong Kong's future under China's rule in the days leading up to July 1, 1997, the special administrative region has thrived since then, thanks to the institutional arrangement of "one country, two systems".

This innovative policy not only ensured the smooth return of Hong Kong to China, but 21 years of practice have shown that it has been the effective guarantee for Hong Kong's continued development and stability.